This time for meme coin? - page 13. | Bitcointalksearch.org

lepbagong

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Quote from: bitkanu on July 19, 2023, 06:13:23 PM

Quote from: kevindjunaidi on July 17, 2023, 05:42:01 PM

Quote from: Jocuserious on July 16, 2023, 11:45:28 AM

You probably know that almost all new meme projects are coming out now. Do you think it is really risky? what effect do you think this could have for the bull market!

of course it is very risky to invest in meme coin and I don't think all meme coin will increase very high during a bull market, so I suggest you don't invest all your money in meme coin, because there is a possibility that your money will be lost it can really happen, therefore if you want to invest in meme coin, then you can invest a maximum of 20% of your portfolio and I advise you to invest in meme coin which are popular and have high trading volume (my recommendation is Dogecoin).

20% of portfolio is too much honestly it should be less than that, even 5% is already too much, we're talking about investment that could just vanish into thin air with the changing of market here.
only invest maybe $5 to $10 in initial stage of meme coin then its worth it, that with a big if, thats if the meme coin itself succeeds.

I think you are right no matter how big or small we are going to invest in meme coins it is certainly not worth it, because it is too risky at all. especially for a long period of time, you can be sure that you will lose the funds that we have invested in the meme coin. why do you still think about investing in meme coins where the price is too cheap and the total supply is too large making it difficult to be able to increase even during a bull market. so far it seems that many are tempted by doge. able to improve but do not see the improvement, not because of the ability it has. My advice is to find quite a lot of other altcoins instead of continuing to intend to make meme coins for investment, there are still many potential altcoins that will be able to provide benefits in time.

iv4n

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Quote from: steq926 on July 19, 2023, 06:24:51 AM

As for memecoins, I got some. It sounds like a nice diversity to other cryptocurrencies. As for holding them, I switched to XGo crypto wallet last week. So far, so good. Smooth transactions, intuitive interface.

I guess this is a healthy approach... I have some as well! Investing serious amounts in any meme coin is risky as hell, but having fun with some of them, buying some here and there, and enjoying fast and cheap transactions will not get us into trouble. I like to gamble with some meme coins for example.

All in all, people should relax and have a bit of fun in the crypto space. It's not everything in making huge investments and waiting for big profits...

danherbias07

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Risk is the meme coin's middle name. Cheesy

Just remember the word "meme" and it will get you back to the real world. Think about the possibility of being dumped all of a sudden. Whale manipulation or just a friggin dump because it ends a scam. Holes that will be identified that could lead to FUD. Lots of different reasons why meme coins are high-risk coins. I do believe you don't like to be in a position where stress comes to you thinking about how you will recover from all the losses that will happen. You better be ready for that if you are so sure about buying this type of coin.
The chances of making profits are also low so why should you invest in it? While Bitcoin and other top coins are just out there making money for those who trust them. I think I will stick with that strategy.

GreatArkansas

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Quote from: Jocuserious on July 16, 2023, 11:45:28 AM

You probably know that almost all new meme projects are coming out now. Do you think it is really risky? what effect do you think this could have for the bull market!

I can relate to what I experienced last 2017-2018 bull run were everything is just pumping, even shitcoins or any random coins, but before meme coin projects are still not popular but I can relate to this.
When once bull runs, expect that everything will pump and the market is extremely volatile.
For me, if you are looking for a meme coin to invest in for the next bull run. I really suggest to start with Dogecoin because Dogecoin is original meme coin and every bull run, Dogecoin is also making its own run.

justdimin

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Quote from: Accardo on July 19, 2023, 06:25:11 AM

They'll never be a good time for memecoin, it keeps failing investors and similarly investors who lost money through memecoin wouldn't dare invest into good cryptocurrency projects like bitcoin and ethereum. Some people see memecoins as an opportunity to maximize their profits or feel like early adopters, yet they get disappointed with the results that follows memecoin. They've got no use case, which is a red flag to the durability of its price. Except that Elon musk hypes dogecoins its price wouldn't have made any advancement during the 2021 bull run. They depend on hype and that's a waste of the naive investor's money.

I only wish people would see this, it is so obvious that memecoins are terrible and will stay terrible, the fact that people can't see that is beyond idiotic to me. I know that it is not going to be that easy and all, but we need to make sure that there are also no problems about this as well. Why would memecoins be going up anytime soon? Why would anyone think that it will go up anytime soon?

People should realize that it will not and they suck and even if they do that will cause them to lose a lot of money when it evidently crashes. We need to make sure that we talk to people about these parts, because if they just buy it without answering these, they are making a big mistake and should not be worried about it for sure.

Oasisman

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Quote from: Jocuserious on July 16, 2023, 11:45:28 AM

You probably know that almost all new meme projects are coming out now. Do you think it is really risky? what effect do you think this could have for the bull market!

I don't see any relevance or effect on the bull or bear market if a lot of developers creates bunch of meme coins. These type of top tier shitcoin shouldn't be asked if it is risky in the first place, because it definitely is, that even a high school student could understand why.
That's like selling a magic bean to the market, telling people that if you plant this on your backyard, in 30 or so days, it will grow and we will buy all the fruits that your tree will produce. With the help of shillers, false advertisement, & paid celebrities, blinded by greediness people some people would actually believe it.
With no use case or utilities, I can't find any altcoin that is more riskier than the shit/memecoin.

Sebas.tian

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Yes, meme coin are risk that is why you need to carry out a proper research to know if you invest in this season whether you will be able to achieve something reasonable from it before embark on meme coin investment. It hard for meme coin investors to experience massive income from their investment, because the more you hold long the more you regret why embark on such journey which is not advisable to invest all your money in meme coin because the price is too low in the market. I have learned my lesson not to invest above 10% on meme coin based on the disappointment I experienced from my investment that made me to lose so much money in the past.

bitkanu

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Quote from: kevindjunaidi on July 17, 2023, 05:42:01 PM

Quote from: Jocuserious on July 16, 2023, 11:45:28 AM

You probably know that almost all new meme projects are coming out now. Do you think it is really risky? what effect do you think this could have for the bull market!

of course it is very risky to invest in meme coin and I don't think all meme coin will increase very high during a bull market, so I suggest you don't invest all your money in meme coin, because there is a possibility that your money will be lost it can really happen, therefore if you want to invest in meme coin, then you can invest a maximum of 20% of your portfolio and I advise you to invest in meme coin which are popular and have high trading volume (my recommendation is Dogecoin).

20% of portfolio is too much honestly it should be less than that, even 5% is already too much, we're talking about investment that could just vanish into thin air with the changing of market here.
only invest maybe $5 to $10 in initial stage of meme coin then its worth it, that with a big if, thats if the meme coin itself succeeds.

Natalim

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Quote from: Jocuserious on July 16, 2023, 11:45:28 AM

You probably know that almost all new meme projects are coming out now. Do you think it is really risky? what effect do you think this could have for the bull market!

Risky - that was absolutely right.
In fact, ever since we know that investing in meme coins is not a good idea. However, we can't change the fact as well that they are greatly profitable during its hype and so people got crazy participating it now. Yeah, I could say that 2023 is for meme coins, it gains more attention after the PEPE coin got shone up. Nevertheless, we couldn't say that this will last longer until the bull season comes because if that is so, then the impact is huge and it also drags other meme coins to pumps as well.

Accardo

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They'll never be a good time for memecoin, it keeps failing investors and similarly investors who lost money through memecoin wouldn't dare invest into good cryptocurrency projects like bitcoin and ethereum. Some people see memecoins as an opportunity to maximize their profits or feel like early adopters, yet they get disappointed with the results that follows memecoin. They've got no use case, which is a red flag to the durability of its price. Except that Elon musk hypes dogecoins its price wouldn't have made any advancement during the 2021 bull run. They depend on hype and that's a waste of the naive investor's money.

steq926

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As for memecoins, I got some. It sounds like a nice diversity to other cryptocurrencies. As for holding them, I switched to XGo crypto wallet last week. So far, so good. Smooth transactions, intuitive interface.

justdimin

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Quote from: ultrloa on July 17, 2023, 09:50:24 AM

Quote from: Jocuserious on July 16, 2023, 11:45:28 AM

You probably know that almost all new meme projects are coming out now. Do you think it is really risky? what effect do you think this could have for the bull market!

Meme coin is always risky for the fact that to many of those created token are just for scam so you need to be careful on your investment and don't expect to much since that's what scam devs like since they want you to hold while them are dumping.

If we talk about effect well nothing really since the market of meme coin is not so huge and even though the hype is growing then maybe scamming is happening still it cannot affect the market as a whole.

I agree that it's a useless risk people are taking with these and there is nothing to do about this. I believe that we can't really do anything regarding this situation and we shouldn't really be bothered about it neither.

I can't say that we can't really do much about it in the end, because it is going to be a different situation but at the end of the day if we are talking about memecoins then we are going to be fine and there is nothing to miss there, I can just not buy them and buy something else and make money anyway. I would rather not take any risk at all and buy only bitcoin rather than risk my money with meme projects. Not many people understand the useless risk part, it is really terrible projects all around.

hugeblack

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The last memecoin I remember was PEPE, which had a hard fork and was left by the main developer and a lot of drama that makes anyone think seriously before investing in such an investment. Therefore, the success of these currencies was due to Elon Musk's tweets. Whenever that person returns to tweet, it is an opportunity to make quick gains, but the question is when will he return again to talk about it and is it worth investing or is it waiting for something to happen that may not happen.

Fredomago

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Quote from: khiholangkang on July 19, 2023, 04:29:11 AM

This kind of situation (bull market preparation) is used by meme coin developers to get profit on their token sale, this is quite risky because they have no benefits for network development in the crypto industry, they only rely on hype and pump to attract their investors, this is very dangerous if we are in the last entry, our money will be very difficult to return, this needs to be an important note, on the other hand it is also a separate opportunity if we become early investors, because we will get the money we save there many times more than him bitcoin or altcoin top 10, but it's a shame below 5% probability to make a profit, and I think the meme coin project has no impact on the bull market.

Deciding whether to invest or not will always rely with your own understanding, and your way of handling the risk, as if you are willing to take your chance and you are okay with riding into whatever meme projects that being hot while the market is showing a good sign of pumping hard, it's always on how you take chances, that's for those who already have an experienced on how crypto volatility works.

But for those newcomers, your set example is true because if you are only investing as someone introduces you that meme projects chances that you will be caught in the position where the value was already hype and all those early investors already dumping their assets.

khiholangkang

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This kind of situation (bull market preparation) is used by meme coin developers to get profit on their token sale, this is quite risky because they have no benefits for network development in the crypto industry, they only rely on hype and pump to attract their investors, this is very dangerous if we are in the last entry, our money will be very difficult to return, this needs to be an important note, on the other hand it is also a separate opportunity if we become early investors, because we will get the money we save there many times more than him bitcoin or altcoin top 10, but it's a shame below 5% probability to make a profit, and I think the meme coin project has no impact on the bull market.

Husires

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Quote from: Jocuserious on July 16, 2023, 11:45:28 AM

You probably know that almost all new meme projects are coming out now. Do you think it is really risky? what effect do you think this could have for the bull market!

What is the basis on which these currencies are based to achieve success, which will be reflected in an increase in the price? They all depend on that they will be an alternative to DOGECOIN. However, all that is presented is a currency that has the name MEMECOIN, but its design is not much different from any other digital currency, and therefore these currencies Closer to pumping/dumping projects, where it depends on a distinguished name, a distinguished event, a large liquidity is pumped to increase the price, and suddenly everything disappears.

Trying to invest here is closer to those who try to buy a special number card, thinking that it will make them win the lottery.

Kelvinid

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Quote from: Jocuserious on July 16, 2023, 11:45:28 AM

You probably know that almost all new meme projects are coming out now. Do you think it is really risky? what effect do you think this could have for the bull market!

I could say yes as it draws too much attention and makes their price grow up which can be expected. However, it wasn't like we think that the market is reliant on that particular situation, yet their participation had contributed a lot. That is why I could say that this year is for meme coins but I wasn't thinking that it will become sustainable, maybe we could witness another project soar high next year. In fact, as we can see before from ICO projects, IEO, and NFT, now we are in meme's time. And all of them have a huge impact in the market.

yhiaali3

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Of course it's a risk, as everyone pointed out, it's a big risk, but it could be a big opportunity at the same time.

Although I do not trust meme projects, the time is now for meme projects. It is true that many of them fail and have no value, but some of them may succeed and achieve x 100 or more.

So if you like risk you can gamble with a little money and wait for the opportunity.

QueenVera

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Quote from: Jocuserious on July 16, 2023, 11:45:28 AM

You probably know that almost all new meme projects are coming out now. Do you think it is really risky? what effect do you think this could have for the bull market!

New meme coins are coming out because we're closer to the bull market and scammers are looking to deceive investors into investing in there scam projects so they can defraud new investors thinking they can make profits from investing in meme project and hoping they become as successful as Shiba Inu, and the most recent which is Pepecoin has succeeded in the market.
Memecoins investment are very risky and shoudn't be done if you're still very new to the market because you won't be able to differentiate between the legitimate memecoins to the scam ones. They both look similar but if you have experiment you can tell when a project isn't legit. They have so many too good to be true behavior like promising high return on investment.
Next bull market will be full of memecoins and it'll be the focus of investors that's why exchanges are listing memecoins all of a sudden because they're expecting big traffic of customers to be interested in them and that's going to make them big profits from trading fees. We haven't had a memecoin bull run yet as we did with defi, Metaverse and other trends in previous bull market.

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Quote from: Mpamaegbu on July 18, 2023, 02:18:55 AM

However, let me quickly add that as we approach Bitcoin halving year there are going to be more scam and shitty projects that will hit the market to catch unguarded investors unawares. Bull run is that period when almost anything in the name of a project is embraced. People should be careful.

Coin categories such as memcoins will always appear in huge quantities, regardless of the approaching halving, market trend, or the presence of any particular altcoin season or season of any particular coins. It's all about the very nature of memcoins. They are as cheap as possible to create and for their promotion there is no need to create any product, ecosystem or try to endow this cryptocurrency with any utilitarian properties. That's why memcoins will always appear, every day, every hour.

Topic: This time for meme coin? - page 13. (Read 2485 times)